Light Wins BRL2B Cases in Brazil Tax Court: Globo

The superior chamber of tax appeals of Brazil’s tax court Carf voted to in favor of electric utility Light in a case involving 2 billion reais, local newspaper O Globo reported.

• Court ruled that Light can deduct non-technical losses, or energy theft, from its corporate income and social contribution tax bases
• Decision consolidates jurisprudence at Carf, with broad implications for Brazil’s power distributors: Globo
• Case concerned two tax assessments issued in 2016 and 2017 totaling 2 billion reais

Original story: Light tem vitória final no Carf em casos de R$ 2 bi — e impacto em todo o setor elétrico ...